Several Retirement Funds That Own Shares in News Corp

question 132

Multiple Choice

Several retirement funds that own shares in News Corp.,Inc.,have filed suit against Rupert Murdoch,the chairman of the board and CEO of News Corp.,alleging that Mr.Murdoch had the board approve the purchase of his daughter's company for $675 million.Part of the purchase deal included putting Murdoch's daughter on the News Corp.board.Which would be the best theory for recovery by the retirement funds?

• A)Insider trading
• B)Violation of the corporate opportunity doctrine
• C)Violation of the business judgment rule
• D)Breach of fiduciary duty

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Definitions:

Computer-Mediated Groups

Teams or groups that interact and communicate primarily through digital platforms and technology rather than face-to-face.

Cooperative

An organization or group owned and operated for the mutual benefit of its members, or the practice of individuals working together towards a common goal.

Schmoozing

Informal conversations for the purpose of networking or building rapport and relationships, often used in professional settings.

Spontaneous Social Interaction

Unplanned and informal communication or activities between individuals, often resulting in strengthened relationships or creative collaborations.